South Korea launches $680m green fuel infrastructure fund

South Korea is launching a green marine fuel infrastructure fund to support the development of environmentally friendly fuel facilities and bunkering vessels. The fund, co-established by the Ministry of Oceans and Fisheries and the Korea Ocean Business Corporation (KOBC), will invest a total of Won1trn ($680m) by 2030. Of the total, Won600bn will be allocated

Argus Green Marine Fuels Asia Conference

Uniting industry leaders to propel the future of green marine fuels across Asia The Argus Green Marine Fuels Asia Conference is launching in Singapore in February 2025! Through attracting decarbonisation initiatives and taking action to prepare for a multi-fuel future, Singapore is fast becoming a leading hub for the maritime industry. Don’t miss your opportunity

Spike in demand for green fuels at Port of Singapore

The Port of Singapore, the world’s busiest transshipment hub, reported a growing demand for greener fuels in 2023. Bunker sales in Singapore reached a record 51.8 million tonnes in 2023, surpassing the previous high, with alternative fuels accounting for 1.2% of the sales. As a major hub connecting Asia with the Americas, Middle East, Europe

Port of Gangavaram offers incentives for using green fuel

Port of Gangavaram, India, offers 50% waiver on port dues for vessels propelled by environmentally friendly fuels such as LNG, ammonia, hydrogen, or electrical power effective from July 1, 2024. This initiative applies to all vessels equipped with dual fuel engines that primarily use any of the aforementioned green fuels. To avail of the waiver,

Port of Antwerp-Bruges becomes part of green shipping corridor

Port of Gothenburg, North Sea Port, and DFDS have welcomed the Port of Antwerp-Bruges to the green shipping corridor, bolstering green ambitions of the project. By 2030, two DFDS ammonia-fueled roll-on/roll-off (RoRo) vessels are expected to operate on the routes between Sweden and Belgium, and the ports will step up efforts on electrification and ammonia

HD Hyundai Oilbank’s biofuels receive international certifications

HD Hyundai Oilbank’s biofuel production technology was accredited with the International Sustainability & Carbon Certifications (ISCC), global standards for recycled and bio-based materials. The Korean refiner affiliated with HD Hyundai Heavy Industries has produced eco-friendly materials including sustainable aviation fuel (SAF) and bio naphtha using a co-processing method that utilizes both petroleum-based feedstocks and bio-based

UMAS report says UK well-positioned to start transition to green fuels

The report titled “Opportunities for the UK to kick-start shipping’s transition to zero emission fuel” has been published by UMAS, an independent maritime and energy decarbonization consultancy, and Arup, a global sustainable development and engineering consultancy. It outlines actionable ways the UK can become an early mover in maritime decarbonization. The urgency of meeting shipping’s

Hydrogen fuel of future: Gadkari

Hailing hydrogen as the “fuel of the future”, Union minister Nitin Gadkari asserted that vehicles in the country would run on green fuels in the coming years. Addressing an election rally in support of BJP leader and Union minister Giriraj Singh in Begusarai, Gadkari said, “India imports fossil fuel every year… soon, our farmers will

Liners urge IMO to address price gap for green fuel transition

The proposal, submitted to the International Maritime Organization (IMO) ahead of next month’s gathering of the Marine Environment Protection Committee (MEPC), addresses the industry’s challenge to bridge the price gap between the cleanest fuels and fossil fuels.

Sumitomo investing in Lousiana Green Fuels project

Sumitomo Corporation of America (SCOA), a subsidiary of Sumitomo Corporation, has entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project with Strategic Biofuels (SBF), the developer behind LGF. SCOA will take an anchor position and lead the formation of a Japanese-based investment consortium aimed at funding the majority of development capital